Annual Information Update

Matrix Income & Growth 2 VCT plc

Annual Information Update

7 August 2008

In accordance with Prospectus Rule 5.2, the following information has been
published or made available to the public in the period from 1 May 2007 to 7
August 2008.

Announcements listed as published on the London Stock Exchange have been
published via a Regulatory Information Service and can be found on 
www.londonstockexchange.com. Copies of documents filed with Companies House can
be obtained from Companies House or, if you are a registered user, through
Companies House Direct at www.direct.companieshouse.gov.uk.

Some of the information referred to below was provided as at a specific date
and may now be out of date.

Announcements published on the London Stock Exchange

Date                 Description                                               
                                                                               
7 August 2008        Notice that the Annual Report of the Company for the year 
                     ended 30 April 2008 had been submitted to the UKLA.       
                                                                               
15 July 2008         Preliminary announcement of the final results of the      
                     Company for the year ended 30 April 2008.                 
                                                                               
25 June 2008         Change of Registered Office from One Jermyn Street, London
                     SW1Y 4UH to One Vine Street, London W1J 0AH.              
                                                                               
18 June 2008         Declaration of interim dividends paid on 23 July 2008.    
                                                                               
30 April 2008        Total voting rights at 30 April 2008 - Ordinary Shares:   
                     11,491,008; C Shares: 9,145,990.                          
                                                                               
29 April 2008        Purchase for cancellation of 28,646 of the Company's own  
                     Ordinary Shares of 1p on 29 April 2008.                   
                                                                               
11 March 2008        Interim Management Statement for the quarter ended 31     
                     January 2008.                                             
                                                                               
29 February 2008     Total voting rights at 29 February 2008 - Ordinary Shares:
                     11,519,654; C Shares: 9,145,990.                          
                                                                               
27 February 2008     Purchase for cancellation of 191,835 of the Company's own 
                     Ordinary Shares of 1p on 25 February 2008.                
                                                                               
6 February 2008      Statement re realisation of investment in Gyro            
                     International Limited by the Company's Ordinary Share     
                     Fund.                                                     
                                                                               
11 January 2008      Form 8.3: Dealing by Persons with Interests in Securities 
                     Representing 1% or more - re BBI Holdings plc.            
                                                                               
20 December 2007     Half-yearly Report for the six months ended 31 October    
                     2007.                                                     
                                                                               
28 September 2007    Result of separate class meetings of Ordinary Shareholders
                     and C Shareholders held on 28 September 2007- all         
                     resolutions passed.                                       
                                                                               
21 September 2007    Notice of adjournments of separate class meetings of      
                     Ordinary Shareholders and C Shareholders to 28 September  
                     2007.                                                     
                                                                               
11 September 2007    Interim Management Statement for the quarter ended 31 July
                     2007.                                                     
                                                                               
11 September 2007    Result of the Annual General Meeting of the Company held  
                     on 11 September 2007- all resolutions passed.             
                                                                               
31 August 2007       Total voting rights at 29 February 2008 - Ordinary Shares:
                     11,711,489; C Shares: 9,145,990.                          
                                                                               
28 August 2007       Purchase for cancellation of 329,658 of the Company's own 
                     Ordinary Shares of 1p on 24 August 2007.                  
                                                                               
24 July 2007         Notice that the Annual Report of the Company for the year 
                     ended 30 April 2007 had been submitted to the UKLA.       
                                                                               
2 July 2007          Annual Information Update in respect of the 12 months     
                     ended 30 April 2007.                                      
                                                                               
20 June 2007         Preliminary announcement of the final results of the      
                     Company for the year ended 30 April 2007.                 
                                                                               
01 May 2007          Total voting rights at 30 April 2008 - Ordinary Shares:   
                     12,041,147; C Shares: 9,145,990.                          
                                                                               
01 May 2007          Purchase for cancellation of 300,000 of the Company's own 
                     Ordinary Shares of 1p on 27 April 2007.                   

Documents filed at Companies House

Date                 Description                                               
                                                                               
26 June 2008         Form 288(c) Change of address of Company Secretary.       
                                                                               
25 June 2008         Form 287 Change of Registered Office from One Jermyn      
                     Street, London SW1Y 4UH to One Vine Street, London W1J    
                     0AH.                                                      
                                                                               
21 May 2008          Form 169 Purchase for cancellation of 28,646 of the       
                     Company's own Ordinary Shares of 1p on 29 April 2008.     
                                                                               
14 April 2008        Form 363a Annual Return made up to 8 March 2008 (including
                     a full list of past and present shareholders).            
                                                                               
18 March 2008        Form 169 Purchase for cancellation of 191,835 of the      
                     Company's own Ordinary Shares of 1p on 25 February 2008.  
                                                                               
3 October 2007       Revised Articles of Association.                          
                                                                               
3 October 2007       Notice of Special Resolutions passed at the Annual General
                     Meeting of the Company held on 11 September 2007.         
                                                                               
21 September 2007    Form 169 Purchase for cancellation of 329,658 of the      
                     Company's own Ordinary Shares of 1p on 24 August 2007.    
                                                                               
17 September 2007    Full accounts made up to 30 April 2007.                   
                                                                               
13 June 2007         Form 169 Purchase for cancellation of 300,000 of the      
                     Company's own Ordinary Shares of 1p on 27 April 2007.     
                                                                               
4 June 2007          Auditor's letter of resignation.                          

In accordance with the provisions of Article 27.3 of the Prospectus Directive
Regulation, we confirm that to the best of our knowledge, information relating
to 'Holdings in Company' and 'Directors' Shareholdings' is up to date at the
date of this announcement but it is acknowledged that such disclosures may, at
any time, become out of date, due to changing circumstances.

Copies of information released can be obtained through the Company Secretary at
the Company's Registered Office at One Vine Street, London W1J 0AH, tel 020
3206 7000.